Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions are remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable.
Riccardo Spagni, who on Twitter uses the pseudonym “Riccardo Spagni”. Fluffypony,” continues to face charges against him for non-cryptocurrency fraud offenses.
- Spagni was arrested last year in the U.S. and later released.
- He was expected to be extradited to South Africa in September 2021.
- Recent court documents reveal that he faces 378 charges.
One of the developers and former team member of the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. privacy team. Monero is facing several charges against him for crimes unrelated to digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.
The South African Government has reportedly charged Riccardo Spagni, former maintainer of Monero The court has found him guilty of 378 counts of fraud, forgery and uttering in a dispute involving about $100,000 with his former employer. The local news agencyMy Broadband he said.
The state is reportedly charging Spagni with defrauding his former employer, Cape Cookies . The developer, who is known online as “ Fluffypony “and left his position at Monero in 2019, allegedly generated false invoices from fictitious entities and diverted payment that was for his employer to his personal bank accounts between 2009 and 2011.
While the charges against him are not new, the recent report revealed court documents dated May 2022 in which the South African government issued a warrant for his arrest. Spagni on 378 separate counts. Namely: 126 counts of fraud or violations of the VAT Act; 126 counts of forgery; and 126 counts of using forged documents, according to the media.
Charges against “Fluffypony”.
The filing of the charges in South Africa follows his release from prison in September last year. As reported by DiarioBitcoin , Spagni fue arrested in August in the United States with the intention of being extradited to South Africa. his home country, for the charges against him. However, was released the following month after the South African police failed to provide proper documentation documentation is a part of token economies that stores all the details of an asset on the blockchain. for his extradition hearing.
“ I am very pleased that the US court has released me. I am actively working with my lawyers to find a way to return to South Africa as soon as possible so that I can address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. this matter and put it behind me once and for all. That is what I have always wanted to do. “wrote in September the developer in a tweet .
The saga against Spagni for his involvement in a court case in South Africa goes back at least ten years, according to a previous report byThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. who reviewed court records.
“ Throughout the decade that South Africa investigated, indicted, dismissed, reinvestigated and re-indicted a fatally flawed case against him, Spagni regularly and routinely appeared in South African courts and communicated with authorities there regarding his case and other legal matters in which South Africa requested his assistance. “, his lawyers had commented.
Specifically, he is accused of invoice fraud while working as an IT manager for the South Africa-based biscuit company, Cape Cookies . According to reports, Spagni falsified invoices and other documents to divert money to his own bank account. He also allegedly inflated the amounts of some invoices and generated false invoices for at least three different fictitious technology vendors.
Awaiting extradition, again
Despite these allegations, the developer has maintained his innocence. In 2020, amid the height of the Covid-19 pandemic, he failed to appear in court in South Africa after traveling to the U.S., alerting authorities who issued a warrant for his arrest. According toMy Broadband, Spagni said that he had missed because he believed mistakenly that he did not need to be present.
Thursday’s report has revealed that the Spagani’s legal team moved to strike the documents from the record of the charges against the defendant, arguing that the government’s late filing violates due process protections. According to local media, the court denied the motion after Spagni waived his right to an extradition hearing.
The South African authorities have reissued an arrest warrant for the former developer of Monero The extradition process for his extradition from the United States is expected to be completed. Spagni said he had no comment when asked for comment by My Broadband with regard to his extradition.
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Article by Hannah Estefania Perez / DiarioBitcoin
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